SEC Form 4 · accession 0001266824-15-000040

WESTERN DIGITAL CORP · WDC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, Strategy & Corporate Dev.

Period of report

Feb 13, 2015

Accepted (ET)

Feb 17, 2015 · 8:29 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000106040

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock^F1	Feb 13, 2015	M	140	$0.00	A	40,849	D
Common Stock^F2	Feb 13, 2015	F	1,726	$107.61	D	39,123	D
Common Stock	Feb 17, 2015	M	1,011	$68.49	A	40,134	D
Common Stock	Feb 17, 2015	S	4,707	$105.50	D	35,427	D
Common Stock	Feb 17, 2015	M	876	$48.63	A	36,303	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Dividend Equivalent Rights^F1	—	Feb 13, 2015	M	141	D	—	—	Common Stock	141	654	D
Employee Stock Option (right to buy)^F5	$48.63	Feb 17, 2015	M	876	D	Feb 13, 2014	Feb 13, 2020	Common Stock	876	22,786	D
Employee Stock Option (right to buy)^F6	$68.49	Feb 17, 2015	M	1,011	D	Aug 14, 2014	Aug 14, 2020	Common Stock	1,011	32,365	D

F1The dividend equivalents were converted into, and paid in the form of, shares of the issuer's common stock on a one-for-one basis in connection with the vesting of restricted stock units to which the dividend equivalents relate. A cash amount equal to $81.86 was also paid to the holder to settle a fractional dividend equivalent of 0.7607.
F2Payment of tax obligation by withholding securities incident to the vesting of securities in accordance with Rule 16b-3(e).
F3These transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 18, 2014.
F4The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 18, 2014.
F5The option vested 25% one year from the grant date of 2/13/2013, and an additional 6.25% vested every three-month period thereafter through 2/13/2015. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 2/13/2017.
F6The option vested 25% one year from the grant date of 8/14/2013, and an additional 6.25% vested at the end of each three-month period through 2/14/2015. The remaining shares subject to the option will vest at 6.25% at the end of each three-month period until fully vested on 8/14/2017.